Group 1 Automotive's total revenue jumped 27 percent to a quarterly record $2.34 billion in the second quarter compared with the year-earlier period, led by a 27 percent increase in new-vehicle revenue, the company said today.
General Motors has announced second quarter net income of US$1.2bn, or $0.75 per share. Special items reduced net income by $0.2bn, or $0.09 per share, the automaker noted. This was a $240m "loss on extinguishment of debt", it said.
If you're going to be in the Boston area this weekend and want to see some impressive classic cars, drive on up to the North Shore town of Beverly for the annual Misselwood Concours.
Toyota is celebrating 75 years in the auto biz in a small way: It's showing off 50 one-fifth-scale models of its vehicles, normally tucked away at the
If you're in the New York City area this weekend and have a craving for a good ol' fashioned summertime car show, take a drive up Interstate 95 to Guilford, Conn., for the 35th annual
Numbers, other than the flambéed accounting variety, don't lie. Neither do they offer full disclosure.
The Nissan GT-R has a lot of tech. Tech to launch you perfectly from a red light, tech to keep you on the track, and tech to measure the lateral and longitudinal g forces.
Technology company, Torotrak, says it expects to acquire the remaining 80% of flywheel innovator, Flybrid, in November or December this year.
Alex Molinaroli will be the next president, CEO, and chairman of Johnson Controls, the company announced today. Molinaroli, 53, will replace current president and CEO Stephen Roell on Oct. 1.
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25 Jul, 2013
The new MINI is previewed by a new design concept called the MINI Vision
Hyundai's second-quarter net profit stayed near a record high achieved a year earlier as strong China growth overpowered rising competition and tight supply that eroded sales at home and in the United States.
BorgWarner, the maker of automotive turbochargers and emission systems, posted higher-than-expected profit today as global demand for more fuel-efficient vehicles continued to rise in the second quarter.
WEST COAST EDITOR MARK VAUGHN: This 2013 Chrysler 200 Limited is a big improvement over the one I had last year. On this one, nothing fell off. I couldn't say the same about the last one. So that's progress.
Hyundai Motor's second-quarter net profit stayed near a record high achieved a year earlier, beating market forecasts, as strong China growth overpowered rising competition and tight supply that eroded sales at home and in the United States.
Faurecia, the supplier controlled by PSA/Peugeot-Citroen, will close eight car seat factories over the next four years, sources familiar with the plan have told Reuters.
Unite, Britain's biggest union, has warned BMW that it may take industrial action ballot if the company pushes ahead with its plans to close its final salary pension scheme to new entrants.
Mitsubishi Motors is recalling more than 650,000 minicars in Japan, including the 660cc Minica, because of problems with the air intake duct in the engine compartment.
BMW plans to invest in Chargemaster, a UK provider of EV charging services. Under the deal, both companies will develop a public charging network for BMW electric car owners across the UK.
Hyundai's chief financial officer Lee Won-hee said China's plan to restrict vehicle sales in eight more cities is likely to have a negative impact on demand in what is now the world's biggest car market - but he still expects growth of 9% there this year.
Faurecia's net income shrank 71% to EUR35m (US$46m) in the first half of this year despite a 5.7% gain in revenue to EUR9.27bn but the supplier predicted that European vehicle production would begin to stabilise later this year, helping it meet its 2013 targets.
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